President Trump’s new global tariffs triggered a significant sell-off in the cryptocurrency market, sending shockwaves through both traditional and digital assets. Bitcoin plummeted to $75,000, with Ethereum experiencing even steeper losses of nearly 15% within 24 hours. This volatile trend is not isolated, as the S&P 500 and Nasdaq experienced substantial drops on April 4th, shedding over $8.2 trillion in market value, mirroring the chaos witnessed in traditional markets. Analysts attribute this decline to Trump’s sweeping new tariffs, including a blanket 10% duty across imports and higher rates for goods originating from China and the EU. These trade disputes have reshaped risk assets globally, leading to significant losses across various sectors, including cryptocurrency.